☆ Introduction
Personal housing provident fund loan refers to a policy-based loan granted by the Bank as entrusted by the housing provident fund management center to the qualified housing provident fund participants for the purchase, construction, renovation and overhaul of their self-occupied housing.
Personal Housing Provident Fund Portfolio Loan refers to the portfolio of the personal housing provident fund loan granted by the Bank as entrusted by the housing provident fund management center and the personal commercial housing loan granted by the Bank to the same borrower by using our credit funds, for the purchase or construction of the same self-occupied housing. Borrowers who meet the conditions of both provident fund loan of the housing provident fund management center and commercial loan of the Bank may apply for the commercial loan to the Bank while applying for the housing provident fund loan.

☆ Features
Personal Housing Provident Fund Loan provides you with more favorable loan interest rates than personal commercial housing loans, reducing the financing cost incurred by your housing purchase. In view of the limit on provident fund loans, the Bank can provide supporting personal housing provident fund portfolio loan services to fully meet your financing needs for housing purchase.

☆ Conditions for application
Your application for personal housing provident fund loan must comply with relevant regulations of the applicable housing provident fund management center on housing provident fund loans. Basic conditions are as follows:
(I) You should have a legal and valid resident status;
(II) You should have opened a housing provident fund account in accordance with relevant regulations of the local housing provident fund management center, and meet the minimum continuous contribution requirements;
(III) You should have stable income, good credit and the ability to repay loan principal and interest;
(IV) You should have legal and valid contracts, agreements and other valid supporting documents with respect to the purchase, construction, renovation and overhaul of housing;
(V) You should have a down payment fund not less than the proportion stipulated by the local housing provident fund management center; and
(VI) You should have assets that meet the requirements for mortgage or pledge, or (and) legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors.
An application for personal housing provident fund portfolio loan should meet the Bank’s personal commercial housing loan conditions and the personal housing provident fund loan conditions of the local housing provident fund management center.

☆ Limit
The limit on housing provident fund loans should be subject to relevant policies of the local housing provident fund management center, and should not exceed the maximum amount and loan-to-value ratio stipulated by the housing provident fund management center. For details, please consult the applicable housing provident fund management center or the Bank’s loan handling sub-branch. The down payment percentage of the provident fund portfolio loan should comply with relevant regulations of the applicable housing provident fund management center and the Bank.

☆ Term
The term of housing provident fund loans should be subject to relevant policies of the local housing provident fund management center, and should not exceed the longest term stipulated by the housing provident fund management center. For details, please consult the applicable housing provident fund management center or the Bank’s loan handling sub-branch. For housing provident fund portfolio loans, if the housing provident fund management center requires that the terms of housing provident fund and personal commercial housing loans must be consistent, the shorter term should prevail.

☆ Interest rate
The interest rates on housing provident fund loans should be consistent with relevant policies of the local housing provident fund management center.
In the case of provident fund portfolio loans, the interest rate on the housing provident fund loan should conform to relevant policies of the applicable housing provident fund management center, and the interest rate on the personal commercial housing loan should comply with relevant policies of the Bank.
The interests should be calculated with reference to relevant regulations on personal brand new housing loans.

☆ Method of repayment
Equal monthly installment, equal principal and other repayment methods acceptable to the local housing provident fund management center are optional.

☆ Materials for loan application
1. Legal and valid identity documents (resident identity card, household register or other valid residence documents);
2. Proof of marital status (marriage certificate, divorce certificate and other valid materials);
3. Legal and valid contracts or agreements for the purchase, construction, renovation and overhaul of self-occupied housing and related materials;
4. For the purchase of housing, the down payment certificate issued by the selling organization, the seller or an eligible third party; for the construction, renovation and overhaul of housing, the receipt certificate issued by the construction organization;
5. Loan guarantee materials: In case of mortgage (pledge) guarantee, the list of mortgage (pledge) rights, the ownership certificate and the certificate of consent to mortgage or pledge issued by the person with the right to dispose; in case of warranty guarantee, the effective guarantee materials to be provided by the guarantor;  and
6. Other materials required by the local housing provident fund management center and the loan bank.
In addition to the above materials, you also need to provide the materials related to personal commercial housing loans when applying for portfolio loans. Please refer to the business of “personal brand new housing loans”.

☆ Operation guide
(I) Loan application acceptance. The borrower applies for a loan and submits relevant materials according to relevant requirements of the local housing provident fund management center and the Bank;
(II) Loan review & approval. The local housing provident fund management center reviews and approves the loan;
(III) Loan contract signing. Upon review and approval of the local housing provident fund management center, the borrower should sign the loan and guarantee contracts, and go through the follow-up mortgage registration and other procedures according to the procedures of the housing provident fund management center and the Bank’s loan handling sub-branch;
(IV) Loan issuance. After the loan conditions are met, the housing provident fund management center entrusts the Bank to transfer or directly transfers the loan funds to the designated account in accordance with the loan contract;
(V) Repayment on schedule. Upon the loan issuance, the borrower should repay the principal and interest of the loan on time in accordance with the repayment plan and method set forth in the contract;
(VI) Contract change. During the performance of the contract, the borrower may apply to the housing provident fund management center or the Bank for changing the loan term, repayment method, early repayment, etc. Upon approval, the housing provident fund management center or the Bank will handle the contract change procedures for the borrower;
(VII) Loan settlement. The housing provident fund management center or the Bank issues the Loan Settlement Certificate to the borrower. In case of mortgage guarantee, the borrower takes back the mortgage right certificate and other documents and goes through the formalities of mortgage registration cancellation with the original mortgage registration department. In case of other guarantee methods, the borrower handles the guarantee release procedures in accordance with the relevant process of the housing provident fund management center or the Bank.

☆ Value-added services
1. Provident fund for loan repayment
This is a value-added service jointly launched by the Bank and housing provident management centers for borrowers to repay easily. Once the borrowers sign the agreement, their contributed provident funds can be drawn out (monthly, quarterly, yearly) to repay the provident fund loan or commercial housing loan under their name.
2. Provident fund co-branded card
It is a multi-function debit or credit card jointly launched by ICBC and housing provident fund management centers for housing provident fund participants. Besides the financial functions of savings, settlement, spending or investment, the card comes with the unique functions based on their cooperation, such as inquiry about the provident fund contribution account and provident fund loan information, and agreement to draw the provident fund for automatic transfer and repay the housing fund loan.

☆ Notes
The above is for reference only. Specific business conduct is subject to relevant regulations of the Bank’s local branches or local housing provident fund management centers.
To save your time, please consult the Bank’s loan handling sub-branch or the local housing provident fund management center for details before going through relevant procedures. You may also call our customer service telephone 95588 or the consultation telephone of the local housing provident fund management center (such as the 12329 service hotline) for more information.